Abu Dhabi foreign trade rises 9pc to $30bn

Abu Dhabi, March 9, 2010

Abu Dhabi’s foreign trade rose to Dh112.07 ($30.5 billion) billion in 2009, an increase of 9 per cent as compared to 2008, according to annual statistics from Abu Dhabi Customs.

“One of the key figures of 2009 customs statistics is the growth in non–oil exports that climbed to Dh9.5 billion, an increase of 52 per cent compared to Dh6.25 billion in 2008. Imports also grew to Dh93.8 million compared to Dh90.3 million in 2008, an increase of 4 per cent,” stated Saeed Ahmed Abdullah Al Muhairi, director general of Abu Dhabi Customs.

According to Abu Dhabi Customs statistics, the volume of re–export trade in 2009 jumped 39.3 per cent over 2008 figures to reach Dh8.7 billion. The report also revealed the growing role of seaports in Abu Dhabi imports - 62 per cent of imports came in through seaports, 27 per cent through land and 12 per cent through airports.

“These statistics reflect trade growth witnessed in Abu Dhabi, a leading trading centre in the region,” he added.

Qatar occupied first place in terms of exports volume, while Saudi Arabia was second. United States was ranked in first place in imports volume, while Germany and Saudi Arabia were second and the third respectively. One of the most striking features this year is the growth in the value of imports from South Korea, soaring 403 per cent in 2009 as compared to 2008.

“Abu Dhabi’s trade policy is based on economic openness and trade liberalisation with special effort, over the past few years, towards attracting foreign investment to increase opportunities for development and prosperity. The UAE and Abu Dhabi in particular, enhanced economic and trade relations with a large number of countries around the world. This has increased levels of foreign trade, especially in non–oil and commodities sector.”

“Abu Dhabi Customs Department applies the highest international standards in its customs operations and aims to contribute in strengthening the emirate’s status in global economy and trade,” he said.-TradeArabia News Service